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Paytm, formally known as One 97 Communications, owns a 49% stake in the bank which was ordered by the Reserve Bank of India (RBI) at the end of January to stop accepting credit transactions or deposits across products such as savings accounts, prepaid cards and digital wallets by March 15, following persistent compliance breaches.
Kotak noted that developed nations legitimising the virtual currency and its trading further adds fuel to the crypto bandwagon and investors are looking at it as a hedge for other investments. After months of turbulence, Bitcoin, the world’s largest cryptocurrency, has gained momentum in the past few days and raced to an all-time peak above …
Is crypto a future competition to local equity markets? Here’s what Uday Kotak says Read More »
The approval, granted by the Monetary Authority of Singapore, will allow OKX to provide digital payment token and cross-border money transfer services in Singapore, which has emerged as a centre for crypto in Asia in recent years. OKX President Hong Fang said the Southeast Asian country is a “priority market” for the firm.
The total crypto market volume over the last 24 hours is $158.71 billion, which makes a 2.97% decrease. The total volume in DeFi is currently $15.44 billion, 9.73% of the total crypto market 24-hour volume. The volume of all stablecoins is now $146 billion, which is 91.9% of the total crypto market 24-hour volume, as …
Bitcoin surges to fresh record high above $73,000 post US CPI data Read More »
NHAI has advised the Paytm FASTag users to switch to other bank FASTags before the given deadline of 15th March for seamless travel experience on the National Highways. This comes after the Reserve Bank of India issued a ban on Paytm FASTags.
The SaaS fintech organisation Perfios announced the fundraiser of US $80 mn dollars. It aims to expand in the BFSI sector and plans to scale up its operations in different markets across the globe.
While there has been a funding winter in startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTechs across the globe raised about USD 1.72 billion in February, while the top 20 deals summed up to about USD 1.05 billion.
This reduction in the rate of new Bitcoin creation is expected to have a key impact on Bitcoin’s supply-demand dynamics. Historically, each halving event has been followed by a price surge, as the reduced rate of new supply entering the market creates scarcity, increasing demand for Bitcoin. Read on to know more:
The global cryptocurrency market cap surged 4.6% to around $2.72 trillion in the last 24 hours, while the total crypto market volume was $166 billion, which makes a 41.3% increase. The volume of all stablecoins is now $149.9 billion, which is 90.3% of the total crypto market 24-hour volume, as per data available on CoinMarketCap.
The original cryptocurrency has soared around 70% already this year amid exuberance over surging demand for US exchange-traded funds that were first allowed to hold the tokens in January. Even so, the pace of new millionaire wallets being created is lower than during the last bull-market run of 2021, when more than 4,000 wallets were …
Bitcoin’s rally is creating around 1,500 ‘millionaire wallets’ daily Read More »
